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Kazakhstan is the leader in attracting investments for new projects in North and Central Asia region

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has released its 2024 report on investments in the region. According to the report, Kazakhstan attracted $15.7 billion in new projects, securing its position as the leading destination for investments in the North and Central Asia region, Kazakh Invest reported.

In 2024, Kazakhstan saw an 88% increase in investment compared to 2023, accounting for 63% of all investments in the region.

The rankings are as follows:

Uzbekistan – $4 billion (-49%)

Kyrgyzstan – $2.1 billion (+310%)

Azerbaijan – $1.2 billion (+1%)

Turkmenistan – $339 million

Georgia – $126 million

Armenia – $67 million

The report highlights that the region’s investment climate reflects a robust trend of international companies diversifying their strategies and supporting projects in key areas such as green energy, digitalization, and technological innovation.

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